Personal Finance Daily -- Feb. 9 - MarketWatch
Miriam Liddle  |  by www.marketwatch.com. All rights reserved. 15.03 | 22:18

Does going solar pay off for homeowners?
The race is on to install solar panels in American homes thanks to generous government incentives such as California's $3.2 billion solar initiative launched in January.

Despite the miniscule amount of solar power generated today -- roughly one-thirtieth of one percent of all the electricity produced in the U.S. -- recent technological advances and a continued decline in the price of solar systems are prompting more homeowners to ask if this renewable energy source is now worth the investment.

Banks, manufacturers offer new ways to finance solar
Homeowners can often finance the hefty upfront costs of installing solar panels with the help of financial firms and solar companies that offer funding for "green" projects. Solar manufacturers and solar groups are hoping these financing tools will make solar investments an option for more homeowners and eliminate one of the biggest obstacles many potential investors face, namely purchase and installation bills that can start at about $25,000. What does it take to install solar in your home?

MarketWatch's Stacey Delo goes on-site with contractor Greg Kennedy of Occidental Power to find out. More than a dozen states may run out of money in the coming months for a popular program designed to cover poor, uninsured children before relief from the president's proposed budget kicks in, lawmakers warned administration officials on Thursday. They were trumpeted to become the first generation of American inheritors -- coddled and swaddled and loaded with money handed down to them, the fabled baby boomers.

But a funny thing happened on their way to the fortune. Members of this generation, now about 42 to 60, never had much of a chance to inherit and invest the big money that they were supposed to have collected from their parents' generous gifts and estates. Valentine's Day is fast approaching -- and so are many impending marriage proposals.

According to fine jewelry company Blue Nile, more than 50,000 Americans will "pop the question" this Valentine's Day. But after the chocolate- and flower-induced euphoria fades, reality is sure to set in.

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